I did not have my reading glasses on. I felt I could see well enought without them, but evidently I am was wrong. I am sorry I really thought it was the other.I really don't understand the point of this - if you change your mind after you've written a put, you have to buy back the contract at some unknown price. Buying and selling the same contract brings on transactions costs and uncertainty - how on earth is that the same as the flexibility you have when you don't sell the put?

If you change your mind on buying a stock after you bought it you have to sell it also at an unknown cost and you will also have a transaction price. Option commissions are a bit higher than stock commissions.

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